📈 Softlogic Life Secures $ 15 Mn Foreign Funding for Growth

Softlogic Life Insurance PLC has secured a US$ 15 Mn five-year Tier 2 loan from Norfund and OP Finnfund Global Impact Fund I. The investment aims to strengthen the company’s balance sheet and accelerate digital transformation and market reach. • Financial Performance (9M 2025): • Gross Written Premiums (GWP): Rs. 28.2 Bn (up 29% YoY). • Profit Before Tax: Rs. 3.3 Bn. • Total Assets: Rs. 59 Bn | Total Equity: Rs. 11.6 Bn. • Return on Equity (ROE): 24%. • Capital & Resilience: • Capital Adequacy Ratio (CAR): 298% (well above the 120% regulatory minimum). • Demonstrates strong international investor confidence in the insurance sector despite macroeconomic challenges. • Operational Highlights: • Claims Disbursed: Rs. 13.5 Bn (Rs. 9.5 Bn for health & protection). • Efficiency: Over 98% of claims settled within a single day. • Innovation: Recently awarded 'AI Initiative of the Year' at the 2025 Asia Insurance Industry Awards. • Strategic Focus: The funding will drive microinsurance access for low-to-mid income segments and scale AI-enabled underwriting and predictive analytics to enhance the inclusive protection landscape in Sri Lanka.